Chiyoda Integre Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 3.35% for ¥1,000 million.
June 09, 2022 at 03:30 am EDT
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Chiyoda Integre Co.,Ltd. (TSE:6915) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to improve shareholder returns based on the medium-term management plan and to implement agile capital policies in response to changes in the business environment.
The program will be valid till December 31, 2022. As of May 31, 2022, the company had 11,950,133 shares outstanding (excluding treasury shares) and 1,578,796 shares in its treasury.
CHIYODA INTEGRE CO.,LTD. is a Japan-based company mainly engaged in the production and sale of mechanical parts and functional parts. The Company operates through three regional segments including Japan, Southeast Asia and China. The Company is mainly engaged in the manufacture of mechanical and functional parts for office automation (OA) equipment, audio and video (AV) equipment, communication equipment, automobiles and other products, and the sale of products mainly to electric manufacturers, as well as the sale of raw materials to subsidiaries, and the provision of royalties. The Company is also engaged in the reception of orders mainly from manufacturers of handicrafts and accessories, and the process and sale of felt products through a subsidiary.
CHIYODA INTEGRE CO.,LTD. 
